In it’s basket, EUR had just rallied after a good-sized down move, and on the other hand USD was up against some resistance and looked poised to push up. When I got to this chart, it had pushed down, and rallied (like EUR’s basket), but didn’t rally enough to warrant a retest. It did start to push down, though, and it looked like the bear rally was pushing back bearish. I set my entry order at some support within the rally, to get in at a better price and not wait for confirmation.
Entry – 1.20802
Exit – 1.20733
Price pushed down a good amount after triggering my entry, almost making it to target, but not quite. It was enough that I was able to move my stop to break even, and then follow the SAR in profit. By the time price pushed back up and triggered me out, I was at about 7 pips. Not amazing, but a solid win.
